Page 2 - Telecom Company

Indus Towers' net profit declines 23% to Rs 1,399 cr in March quarter

Telecom infrastructure company Indus Towers on Wednesday reported a 23 per cent drop in consolidated net profit of Rs 1,399 crore for the fourth quarter ended March 2023. The net profit was Rs 1,829 crore in the year-ago period. Seen on a full-year basis, the net profit tanked 68 per cent for FY23, with the company stating that the "financial performance reflects collection challenges from a major customer". Meanwhile, Indus Towers' revenue for the March quarter (Q4FY23) stood at Rs 6,753 crore, a decline of five per cent over Q4 FY22. Consolidated earnings before interest, taxes, depreciation, and amortisation or EBITDA was pegged at Rs 3,447 crore, down 15 per cent year-on-year and representing an operating margin of 51 per cent. "The financials of Q4 2021-22 included a one-time positive impact of Rs 547 crore on account of deferred recognition of revenue from past settlements. In 2022-23, the company adhered to prudent accounting practices and reflected the stress on its ...

Centre freeing up more 5G spectrum, auction likely next year: Report

5G spectrum: Centre is looking for ways to shift some broadcasting and satellite players from 3.8 GHz to higher frequency

Tighter quality of service norms for telecom service providers on the cards

It intends to improve telecom services at a time when the country is quickly adopting 5G technology

12 big telcos enquired about telecom stack, says Ashwini Vaishnaw

He said the government's Telecom Technology Development Fund (TTDF) would be slowly enlarged to Rs 3,000-4,000 crore over a number of years, from the current Rs 500 crore per year

Airtel World Pass international plans for prepaid, postpaid users announced

The Airtel World Pass international roaming plans offer significantly higher value in terms of data and voice benefits, Airtel said in a statement

SoftBank Vision Fund loses $7.2 billion on back of tech writedowns

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

About 4,000 jobs posted every day during festival season: Apna.co report

200,000 job opportunities created between Sep 1 and Oct 27; business development, telemarketing and sales among categories with highest number of vacancies

5G networks: The next big battle in India's telecom space is about to begin

Now that the bidding for spectrum is over, the next big battle lies in standalone versus non-standalone networks

MTNL Q1 loss narrows to Rs 653 cr, revenue falls by 17% to Rs 250.72 cr

The company had posted a loss of Rs 688.69 crore in the same period a year ago.

With $208 bn in fortunes, Mukesh Ambani, and Gautam Adani start to face off

Ambani's Reliance Jio Infocomm Ltd. is the top player in India's mobile market, while the Adani Group doesn't even have a license to offer wireless telecommunications services

Rs 1.64-trn revival package for BSNL comes too late in the day: Analysts

The government should have merged BSNL and MTNL, and then looked at such a move, says an analyst

Vodafone Idea's chief financial officer Akshaya Moondra named CEO

Takes over from Ravinder Takkar, whose three-year term ends on August 18

Delhi HC restrains unauthorised use of Meesho trademarks by rogue websites

DoT and MeitY to issue blocking order for domain names identified by Meesho in suit

Telcos bristle at prospect of Adani poaching their 5G enterprise business

Telecom experts say that that Adani move is an attractive proposition, and according to their estimates, they will have to fork out a nominal Rs 2800 cr for 20 years for pan-India millimetre band

Reliance Jio in talks with Ericsson and Nokia for 5G telecom gear

Trial with Ericsson to start in a few days, marking a change in Jio's earlier tie-up with Samsung

Vodafone Idea to soon get Rs 20,000 crore in fresh funding, says CEO

Vodafone Idea is planning to raise Rs 20,000 crore, including Rs 10,000 crore in equity and remaining as fresh loans from banks

Vodafone Idea remains sole telco to offer equity stake to govt

Tata group-owned telecom companies withdraw their offers over differences in calculations

TTML decides against conversion of interest amount on AGR dues into equity

TTML said it has decided not to opt for conversion of interest related to AGR dues into equity

Is the worst over for Vodafone Idea stock?

Last month, Vodafone Idea hiked tariffs to improve its financials. But analysts continue to be wary of the telecom player. What is worrying them? What is the road ahead for the stock? Let's find out

Need to hike tariff, ARPU must near Rs 200: Airtel CEO Gopal Vittal

Telecom reforms to help preserve our cash flows and also drive industry investments, says Vittal